[Going private] will give us the opportunity to move a little quicker, as we can take more risk – specifically, longer-term investments with a little less focus on quarterly Wall Street estimates. If we need to invest $10 million this week in new cloud, mobile or SaaS technologies, I don’t have to check what the impact to our earnings per share this quarter will be to our share price before we make that decision.
I’m not sure I buy the idea that tech companies can’t properly innovate when public, at least as an absolute. I’m sure there are companies who’ve lost Wall Street’s trust (or that Wall Street is just sort of dumb about – that is, investors are being unfair) who are in that bind. It’d be nice to figure out which company characteristics fit there, what the pattern is.